Citizen Capitalism

By | 04 March 2017

Citizen Capitalism Top Cornell Law Professor Lynn Stout And Her Coauthors Tamara Belinfanti And Sergio Gramitto Offer A Visionary But Practical Proposal To Provide A Guaranteed Minimum Income It Not Only Avoids Creating A New Government Program Or Increasing Taxes, But Also Gives The Entire Citizenry Influence In The EconomyCorporations Have A Huge Influence On The Life Of Every Citizen This Book Offers A Visionary But Practical Plan To Give Every Citizen A Say In How Corporations Are Run While Also Gaining Some Supplemental Income It Lays Out A Clear Approach That Uses The Mechanisms Of The Private Market To Hold Corporations Accountable To The PublicThis Would Happen Through The Creation Of What The Authors Call The Universal Fund, A Kind Of National, Democratic, Mega Mutual Fund Every American Over Eighteen Would Be Entitled To A Share And Would Participate In Directing Its Share Voting Choices Corporations And Wealthy Individuals Would Donate Stocks, Bonds, Cash, Or Other Assets To The Fund Just Like They Do To Other Philanthropic Ventures Now The Fund Would Pay Out Dividends To Its Citizen Shareholders That Would Grow As The Fund GrowsThe Universal Fund Is Undoubtedly A Big Idea, But It Is Also Eminently Practical It Uses The Tools Of Capitalism, Not Government, To Give All Citizens A Direct Influence On Corporate Actions It Would Be A Major Institutional Investor Beholden Not To A Small Elite Group Of Stockholders Pushing For Short Term Gain But To Everyone The Fund Would Reward Corporations That Made Sure Their Actions Didn T Harm People, Communities, And The Environment, And It Would Enable Them To Invest In Innovations That Would Take Than A Few Months To Pay Off Which Is Another Reason Corporations Would Donate To The Fund They Could Be Freed From The Constant Pressure To Maximize Their Quarterly Share Price And Would Essentially Be Subsidized For Doing GoodThe Authors Demonstrate That Our Current Economic Rules Force Corporations To Be Shortsighted And Even Destructive Because For Most Large Investors, Nothing Matters But Share Price The Universal Fund Is Designed To Be A Powerful Positive Balancing Force, Making The World A Better Place And The United States A Better Nation

  • Paperback
  • 144 pages
  • 9781523095650
  • Citizen Capitalism
  • Lynn Stout
  • English
  • 04 March 2017